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‘Marange diamond licences have expired’
Business Editor Mines and Mining Development Minister Walter Chidhakwa has said that diamond mining licences for companies operating in the Marange area have expired.This comes as some of the companies...
View ArticleSA rand firms
JOHANNESBURG. — The rand was trading at firmer levels at midday on Friday but analysts expect the local currency to remain under pressure. At 11.30am the rand was at 13,7898 against the dollar from its...
View ArticleGold edges higher
LONDON. — Gold edged higher on Friday as a retreat in the dollar helped the metal to snap two days of losses, but prices remained near three-week lows after the US Federal Reserve indicated that it may...
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Wildlife conservation: Where are we getting it wrong?
Jeffrey Gogo Climate Story FOLLOWING the horrendous death of over 60 elephants at Hwange due to cyanide poisoning in the past five weeks, hardly two years after 300 more elephants were massacred the...
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Small-scale miners draw up survival plans
Conrad Mwanawashe Business Reporter FALLING metal prices on international markets, coupled with local operational challenges have jolted small-scale gold miners into drawing up ambitious plans designed...
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Global commodities slump hits Africa hard
If you live by commodities, you will die by commodities. In Africa, this aphorism is becoming true in a devastating fashion. The continent’s economies rode the global demand for commodities in the...
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Zimplats posts $5,9m profit
Zimplats’ production from the underground mines increased by 32 900 tonnes compared to the previous quarter, although 4E head grade was affectedZimbabwe’s largest platinum miner, Zimplats Holdings...
View ArticleInnscor eyes more acquisitions
Tinashe Makichi Business Reporter Innscor Africa has lined up acquisitions in the light manufacturing industry, among other areas of importance as a strategy to achieve growth and expansion, group...
View ArticleGold extends sell-off
SINGAPORE. – Gold fell to its lowest level in four weeks yesterday, extending a sell-off into a fourth straight session as investors feared the Federal Reserve would raise US interest rates this year....
View ArticlePensioners cry foul
Pensioners on Friday lashed out at pension funds accusing them of enriching themselves using their hard earned funds while they lived paupers’ lives. Scores of pensioners who turned up for the first...
View ArticleJSE stops trading in MTN shares
JOHANNESBURG. — All forms of trading in MTN shares and affiliated stocks, has been halted on the Johannesburg Stock Exchange (JSE). MTN Group Executive for Corporate Affairs, Chris Maroleng, confirmed...
View ArticleHoteliers to discuss innovation in Mutare
Business Reporter Hospitality operators from across Zimbabwe will gather in Mutare this month for the Hospitality Association of Zimbabwe annual congress, to discuss being innovative and staying...
View Article‘Diamond mining firms risk losing shares’
Dosman Mangisi Mining Correspondent Diamond mining companies that fail to make financial contributions relative to their shareholding risk losing their shares in a new consolidated diamond mining...
View ArticleSinosure to underwrite $100m Zim loan facility
Mines and Mining Development Minister Walter Chidhakwa says Chinese company Xuzhou Construction Machinery Group (XCMG) is seeking insurer, SinoSure to underwrite the $100 million loan facility for...
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Funding constraints hamper Econet project
Douglas MboweniBusiness Reporter ECONET will discontinue its philanthropic project to train young people in computer skills, before the company barely achieved half the initial set objectives due to...
View ArticleZIMRA takes tough stance on clients
Walter Muchinguri Assistant Business Editor The Zimbabwe Revenue Authority will adopt a tough stance on clients who did not own up during the just ended tax amnesty as the authority continues to miss...
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Zimra swoops in on corporates
Happiness Zengeni Business Editor— State revenue collector, Zimbabwe Revenue Authority (ZIMRA) has targeted corporate account holders at banking institutions in a move which analysts believe is...
View ArticleInternational tourist arrivals up 4,3pc
International tourist arrivals rose by 4,3 percent to 810 million in the first eight months of the year compared to the same period last year, the United Nations World Tourism Organisation (UNWTO) said...
View ArticleMeikles Mega to contribute 15pc of group’s revenue
Tinashe Makichi Business Reporter Meikles Mega Market expects to contribute 15 percent of the group’s revenue by the end of this financial year . MMM is a retail arm to Zimbabwe Stock Exchange-listed...
View ArticleMet department seeks funds to buy weather radars
The Meteorological Services Department is seeking funds to purchase weather radars for use in forecasting precipitation accurately, a senior official has said. A weather radar is used to detect and...
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